Mahamaya Steel Industries Ltd

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112.05-1.65 (-1.45%)

12:00 AM,23rd Feb 2024

113.501.35 (1.20%)

12:00 AM,23rd Feb 2024

BSE : 513554


Sector : Metals & Mining

ISIN Code : INE451L01014

  • NSE
  • BSE
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  • 5D
  • 1M
  • 6M
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  • 5Y
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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

07 Feb 2024

52-WK Low


52-WK Low Date

29 Mar 2023

All Time High


All Time High Date

08 Sep 2016

All Time Low


All Time Low Date

29 Mar 2023

Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Ltd. (Formerly known Rajesh Strips Ltd) was established in May 1988. Mahamaya Steel Industry a major industry in the group is presently manufacturing steel structures in the shape of Angles Beams Joist Channels Rounds Flats Railway sleepers etc. It has high capacity structural rolling mills with full fledged supportive SMS. Its manufacturing facilities are located at Raipur Madhya Pradesh.The company came out with a public issue in Feb.'94 to part-finance its expansion-cum-modernisation programme to manufacture 50000 tpa of steel structurals and 10500 tpa of steel strip coils. The expanded capacity went on stream in Mar.'94.In 1995-96 the company expanded by converting its single drive system to double drive operation system for higher capacity utilisation. It also proposed to install a heavy structure mill of 105000 tpa and put up facilities to produce heavy structures. In the year 1996-97 the company has undertaken a project of 610 MM Heavy Structural Rolling Mill at Raipur with the total project cost estimated to be Rs 17.12 crores. Also the company has successfully implemented a power project of 3 MW capacity.In 2001-02 the Company took over the operations of Raipur Ferro Alloys (P) Ltd. effective from 01 April 1998 under the name of 'Casting Division through the Scheme of Merger which was transferred to Bilaspur High Court in Chhattisgarh where the Company is situated came into existence. Only Unit-ll heavy structural mill of the Company was in operation during the year 2002-03.During the year 2005-06 the newly installed Oxygen Gas Plant commenced its operations. In 2007-08 the Company got into an agreement with Steel Authority of India Limited (SAIL) for conversion of its structural products. During the month of June 2008 the Company commissioned the first phase of expansion of Steel Melting Shop (SMS) Plant by adding production capacity 150000 MT per annum. It started expansion project of New Heavy Structural Mill Project. The name of Company was changed from Rajesh Strips Limited to Mahamaya Steel Industries Limited in 2008-09. The Company implemented a New Furnace in Steel Melting Shop in March 2011.During the year 2020-21 the entire manufacturing /Plant unit of the Associate Company was sold including the portion of leasehold land through which the plant was constructed for a consideration costing Rs. 10 Crores on 31st December 2020.

Mahamaya Steel Industries Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 08 Sep 2010
Dividend Yield (%) -
Book Value Share (₹) [S]79.11
P/B Ratio (₹) [S]1.42
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High



Week Low/High



Month Low/High



Year Low/High



All time Low/High



Share Price Returns

1 Week-4.72%-3.78%1.290.78%
1 Month10.89%9.96%4.244.59%
3 Month44.69%44.77%11.1212.17%
6 Month73.99%72.25%12.1114.24%
1 Year82.20%82.79%23.0726.85%
3 Year16.72%16.36%47.4551.03%

Company Info

Company Information

Managing Director : RAJESH AGRAWAL

Company Sec. & Compli. Officer : Jaswinder Kaur Mission

Director : Rekha Agrawal

Executive Director & CFO : Suresh Raman

Independent Director : Udayraj Singhania

Independent Director : Rajesh Lunia

Independent Director : Vanitha Rangaiah

Registered Office: B-8-9 Sector-C Urla, Industrial Area Sarora,Raipur,Chattisgarh-493221 Ph: 91-0771-4006666